News Releases

Heritage Capital Group Welcomes Dan Edelman as a Principal

JANUARY 2017 -  Heritage Capital Group is pleased to announce that Dan Edelman has joined the firm as a principal.  Dan’s primary focus will be on advising clients on mergers and acquisition transactions.   Dan has almost 40 years of public accounting experience, all in the Jacksonville area.  He was one of the …

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Heritage Capital Group Announces a Successful Debt Refinancing for Shaw's

August 2016 -  Heritage Capital Group is pleased to announce the successful closing of a debt refinancing for Shaw's Southern Belle Frozen Foods, Inc. ("Shaw's"). Shaw's is a family-owned business located in Jacksonville, Florida that has been in operation for over 80 years. The company is one of the largest spe…

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Heritage Capital Group Announces the Successful Sale of 12 Pet Paradise Properties

AUGUST 2016 - Heritage Capital Group is pleased to announce the successful sale of 12 Pet Paradise Resort and Day Spas® sunbelt properties to an undisclosed institutional investor.  The Heritage team, led by Bill Nicholson, initiated the transaction and negotiated the sale-leaseback on behalf of the ownership grou…

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Heritage Capital Group Welcomes Mary Merrill as a Principal

JUNE 2016 -  Heritage Capital Group is pleased to announce that Mary Merrill has joined the firm as a principal.  Headquartered in Jacksonville, Florida, Heritage Capital Group is an independent investment banking and financial advisory firm.  Mary has more than 20 years experience in mergers and acquisitions, pri…

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Heritage Capital Announces Paul McGarvey as Special Agriculture Advisor

May 2016 - Heritage Capital Group is pleased to announce that Paul McGarvey has joined the firm as a Special Agriculture Advisor. Paul will assist Heritage clients in the rapidly evolving agriculture industry, where global demand for food and innovation in farm technology is driving new development in precision fa…

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Heritage Capital Group Announces Successful Debt Restructuring of 1st Place Team Sales and Rox Volleyball

APRIL 2016 -  Heritage Capital Group is pleased to announce the successful closing of debt refinancing for 1st Place Team Sales, Inc. (“1st Place) and Rox Volleyball, Inc. (“Rox”).  1st Place is a distributor of team apparel for indoor volleyball teams at the amateur level, primarily club volleyball teams.  1st Pl…

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IDOC Acquires PRIMA Eye Group

JANUARY 2016 - Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of PRIMA Eye Group (“PRIMA”) to Independent Doctors of Optometric Care (“IDOC”). PRIMA is a top consulting firm and alliance devoted to helping independent optometrists through every stage of their optometric business.…

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Bill Sorenson Appointed to NAWBO Advisory Council

FEBRUARY 2016 -  Bill Sorenson has been appointed to the National Association of Women Business Owners (NAWBO) National Advisory Council.  Bill is a principal with Heritage Capital Group, a Jacksonville-based investment banking firm. His primary focus is conducting strategic planning, valuation, and value enhancem…

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Melissa Lockhart Joins Learn to Read Board of Directors

MARCH 2016 - Melissa Ann Lockhart has been elected to join the Board of Directors of Learn to Read Jacksonville.  Melissa has provided business valuation and complex commercial damages analysis at Business Valuation, Inc. since 2006.  Her recent experience includes projects involving class actions, intellectual pr…

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Driven Brands Acquires North Florida Lubes

DECEMBER 2015 -   Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of North Florida Lubes, Inc. (“NFL”) to Driven Brands, Inc. (“Driven Brands”).  NFL is the leading independent operator of Havoline Xpress Lubes (“Xpress Lubes”) quick lube service shops in the U.S.   The company was f…

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Ellis & Associates Merges with ECS

OCTOBER 2015 - Heritage Capital Group (“Heritage”) is pleased to announce the successful merger of Ellis & Associates, Inc. (“E&A”) and Engineering Consulting Services, Ltd. (“ECS”). E&A is now a wholly-owned subsidiary of ECS and a member of the ECS Group of Companies. Established in 1970, E&A is …

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Heritage Capital Group Announces the Successful Acquisition of Surge Suppression Incorporated by ILSCO

SEPTEMBER 2015 -  Heritage Capital Group (“Heritage”) is pleased to announce the successful acquisition of Surge Suppression Incorporated (“SSI”) by ILSCO.  The Heritage team of K.C. Caldabaugh and Doug Kravet initiated the transaction and led the negotiations on behalf of ILSCO.   SSI is a leading manufacturer, d…

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Heritage Capital Group Announces the Successful Sale of Pile Equipment, Inc. to Equipment Corporation of America

AUGUST 2015 -  Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of Pile Equipment, Inc. to Equipment Corporation of America (“ECA”).  Pile Equipment is a leading heavy equipment rental and sales company servicing the Southeastern United States.  Their products are focused on serving …

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Heritage Capital Group Announces the Successful Sale of Fab-Tech Supply, Inc. to FT Acquisition Company, LLC

AUGUST 2015 -  Heritage Capital Group (“Heritage”) is pleased to announce the successful sale of Fab-Tech Supply, Inc. (“Fab-Tech”) to FT Acquisition Company, LLC “(FAC”). Fab-Tech was founded in 1992 in Jacksonville, Florida by Marty Hussey and Chuck Hullender. Fab-Tech is a manufacturer of specialized hardware u…

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Heritage Capital Group Announces Successful Merger of The Blood Alliance and OneBlood

JULY 2015 -  Heritage Capital Group is pleased to announce the successful merger of The Blood Alliance (TBA) and OneBlood. Founded in 1942, TBA has served its communities for more than seven decades as a non-profit, community blood bank and has provided a vital service to the community by distributing blood produc…

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Heritage Capital Group Announces the Successful Sale of AmeriCare Home Health to Brooks Rehabilitation

JULY 2015 -  Heritage Capital Group is pleased to announce the successful sale of AmeriCare Home Health  to Brooks Home Care Advantage, Inc., dba Brooks Rehabilitation. Founded in 2004 by Anthony Hicks and Tom Gibson, AmeriCare is a leading provider of home healthcare services including skilled nursing, physical t…

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Heritage Capital Group Awarded ‘Deal of the Year’ Honors

JULY 2015 -- Heritage Capital Group of Jacksonville, FL, and Capital Alliance Corp. of Dallas were awarded the prestigious “Deal of the Year” award by M&A International Inc. (MAI) at its 64th bi-annual conference held recently in San Francisco.  The global middle-market investment banking firms were awarded t…

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Heritage Capital Group Announces the Successful Completion of Debt Refinancing for Koch Properties

JULY 2015 – Heritage Capital Group is pleased to announce the successful completion of a debt refinancing for Koch Properties.  Koch Properties is the largest car wash operator in northeast Florida.  They currently own and operate nine self-service car wash locations.  Jacksonville Bank provided the financing.  B…

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Heritage Capital Group Announces the Successful Sale of Guardian Fueling Technologies, Inc.

JULY 2015 -  Heritage Capital Group is pleased to announce the successful sale of Guardian Fueling Technologies, Inc. to an investor group led by ValorBridge Partners, LLC.  Headquartered in Jacksonville, Florida, Guardian is one of the largest fueling systems distribution, construction, installation, and services…

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Business Valuation, Inc. Welcomes Rob Sly as Director of Valuations and Litigation Support

JUNE 2015-  Business Valuation, Inc. (“BVI”) is pleased to announce that Rob Sly has joined the firm as the Director of Valuations and Litigation Support.  Rob is an Accredited Senior Appraiser, a professional designation awarded by the American Society of Appraisers, and is tested and certified in Business Valuat…

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Heritage Capital Group Announces the Successful Sale of FDH, Inc.

FEBRUARY 2015 - Heritage Capital Group is pleased to announce the successful sale of FDH, Inc. to Velocitel, Inc. The Heritage Capital Group team of Don Wiggins, Howard Serkin, and Doug Kravet initiated the transaction and negotiated the sale of the company. FDH, Inc. is a nationally known consulting engineering c…

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Heritage Capital Group Announces Successful Debt Restructuring and Refinancing for Lee & Cates Glass, Inc.

NOVEMBER 2014 - Heritage Capital Group is pleased to announce a successful debt restructuring and refinancing for Lee & Cates Glass, Inc. Lee & Cates is a full service glass supplier to the consumer, commercial, and residential building markets. The Heritage Capital Group team of Matt Laffey and Howard Ser…

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Heritage Capital Group Announces Successful Closing of Debt Refinancing for KCI Aviation

OCTOBER 2014 -  Heritage Capital Group is pleased to announce a successful debt restructuring and capital raise for KCI Aviation of Bridgeport, West Virginia.  KCI is a maintenance and repair organization serving corporate jet and turboprop aircraft for large fleet customers and private aircraft owners.   In addit…

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Heritage Capital Group Announces Financing of Real Estate Acquisition by Alhambra Theatre & Dining

OCTOBER 2014 - Heritage Capital Group is pleased to announce the successful closing of real estate financing for the acquisition of the land and building related to the Alhambra Theatre & Dining.  The Alhambra was built in 1967 and is the longest-running continuously operating dinner theater in the United Stat…

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Heritage Capital Group Advises on the Sale of AIX Restaurants, Inc.

August, 2014, Jacksonville, Florida   Heritage Capital Group Announces the Sale of AIX Restaurants, Inc. to Bistro AIX, LLC. Heritage Capital Group is pleased to announce the successful sale of AIX Restaurants to Bistro AIX, LLC.   AIX Restaurants, which owned the award-winning San Marco eatery Bistro Aix was acqu…

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Heritage Capital Group Announces Successful Capital Raise for Tough Gear, Inc.

AUGUST 2014 - Heritage Capital Group is pleased to announce the successful closing of a capital raise for Tough Gear Inc. dba  Survival Straps.  Survival Straps is a manufacturer of stylish products made from woven military spec parachute cord which gives them a secondary purpose. In an emergency, they can be unra…

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Heritage Capital Group Announces the Acquisition of JMP Solutions, Inc.

JUNE 2014 - Heritage Capital Group is pleased to announce the successful acquisition of JMP Solutions, Inc. by Guardian Fueling Technologies, Inc.  Guardian Fueling Technologies is the regional leader in delivering professional services, innovative fueling equipment solutions, systems designs and construction. JMP…

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Bill Sorenson Selected for Leadership Jacksonville Class of 2015

Heritage Capital group is pleased to announce that Bill Sorenson was nominated and has been selected to be a member of Leadership Jacksonville’s Class of 2015.  Leadership Jacksonville is an organization that develops youth and adult leaders who will assume greater responsibility as community trustees and improve…

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Melissa Ann Lockhart Selected for the Leadership Matters Program

Leadership Matters is an instructional program jointly presented by the Davis College of Business at Jacksonville University (DCOB) and the Jacksonville Women’s Business Center (JWBC).  It is a transformational program that develops image, influence and power among women leaders, by delivering knowledge with mento…

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Howard C. Serkin Receives the Jacksonville Business Journal’s 2014 Veterans of Influence Award

JACKSONVILLE, FLORIDA, June 5, 2014 The Jacksonville Business Journal honored 25  First Coast Veterans of Influence on June 5, 2014.  The award honors military veterans who have distinguished themselves in service to their country, commitment to the community, and in service to their second career.  Howard C. Ser…

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Don Wiggins Honored as one of Advantage Magazine's "Top 50 Business Influencers" in Jacksonville, Florida

After hundreds of nominations to sort through and multiple back-and-forth conversations between many, the list has been narrowed to this top 50. The results are in, and our business community has spoken.  Don Wiggins of Heritage Capital Group makes the “Dream Team” of business influencers in Jacksonville.  This te…

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Heritage Capital Announces the Sale of a Highly Specialized Agricultural Company

JULY 2013 - Heritage Capital Group is pleased to announce the successful sale of a highly specialized agricultural client to  a major European publicly traded luxury brand company and its Asian subsidiary. Heritage is honoring the buyer’s request to keep details of the transaction confidential. “Our client is an e…

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Heritage Capital Group Announces the Sale of Atlantic International Distributors, Inc.

JANUARY 2013 - Heritage Capital Group is pleased to announce the sale of Atlantic International Distributors, Inc. to Arrowhead Electrical Products, Inc. Atlantic International Distributors, Inc., doing business as Atlantic Quality Parts, is a distributor of aftermarket, OEM quality electrical, hydraulic, clutch,…

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Heritage Capital Group Announces the Sale of Bernhardt Laboratories.

JANUARY 2010 - Bernhardt Laboratories, an anatomic testing laboratory, has been acquired by Aurora Diagnostics. A Heritage Capital Group team of Don Wiggins, Howard Serkin, and Doug Kravet initiated the transaction and negotiated the sale of the company. Bernhardt Laboratories, which began operations in 1986, focu…

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Heritage Capital Group Scores with New Team Member Bill Prescott

Heritage Capital Group is pleased to announce that Bill Prescott has joined the firm as a principal. Prior to joining Heritage, Bill was the Chief Financial Officer and Senior Vice President of Stadium Operations for the Jacksonville Jaguars NFL franchise. As a direct report to the CEO of the Jacksonville Jaguars,…

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Heritage Capital Group Announces Recent Transactions

OCTOBER 2012 - Heritage Capital Group announced today that it has successfully advised on two recent transactions.  Heritage Capital Group represented Oscar G. Carlstedt, Co., a wholesale floral supplier in the sale of the Operating Assets to Carlstedt’s, LLC in a management buyout.In addition, Heritage Capital Gr…

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Heritage Capital Group Announces the Sale of Drummac, Inc.

March 2012 - Heritage Capital Group is pleased to announce the sale of Drummac, Inc., a rail services company, to Moran Environmental Recovery LLC. Drummac, headquartered in Jacksonville Beach, Florida, is the leading provider of mechanical maintenance, inspection, repair, and cleaning services to the passenger ra…

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Heritage Realty Capital Announces Closing of a $23,500,000 Financing Package for First Coast Oncology

JULY 2013 - Heritage Realty Capital (“HRC”) is pleased to announce the closing of a $23,500,000 financing package that brings Proton Radiation Therapy to the Patients and Doctors of First Coast Oncology (“FCO”)   FCO is a State-of-the-art Radiation Oncology Center and “Class A” medical office facility. The facili…

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Heritage Capital Group Announces the Sale of Arlington Wrecker Service

JULY 2012- Heritage Capital Group is pleased to announce the sale of Arlington Wrecker Service, a division of Arlington Salvage and Wrecker Co., to Stare Decisis, LLC. Arlington Wrecker Service is a family owned regional towing and recovery company and one of the largest towing companies serving the northeast Flor…

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Heritage Capital Group Announces the Successful Sale of Itel, Inc.

JACKSONVILLE, FL - May 30, 2008 Heritage Capital Group announced today that it has successfully completed the sale of Itel, Inc. to The Riverside Company, a global private equity firm. Itel is a leading independent testing laboratory servicing the property insurance industry nationwide. Heritage Capital Group serv…

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Heritage Capital Group Announces the Sale of Logimax to Friedman Corporation

JULY 2011 - Heritage Capital Group announced today that it has successfully completed the sale of Logimax to Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (“Constellation”, TSX:CSU). Logimax offers full-featured, configurable applications for multi-customer warehouse management ma…

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Heritage Capital Group Represents Oaklawn Cemetery Association

NOVEMBER 2009 - Heritage Capital Group is pleased to announce they represented Oaklawn Cemetery Association in its sale to Service Corporation International (SCI). Oaklawn Cemetery Association (Oaklawn) has been recognized as a premier, family owned and operated establishment since its first burial in 1927. (SCI) …

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Heritage Capital Group Announces Recent Transactions

Jacksonville, FL– August 1, 2011 Heritage Capital Group announced today that it has successfully advised on two recent transactions.  Heritage Capital Group represented Rosenblad Design Group, Inc., a leading designer and manufacturer of evaporator systems for large manufacturing plants in the sale of a minority i…

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Year End 2012

Heritage Capital Group transaction for 2012

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